I wrote on October 3rd about how the analysis of the 1986 tax act did not distribute its corporate income tax increases, thus showing all income groups getting tax cuts even in a revenue-neutral tax reform. Now the Treasury, Joint Committee on Taxation, and Congressional Budget Office distribute corporate income tax changes to households. However, the JCT and CBO still do not distribute estate tax changes. [Fortunately, the Treasury and Urban/Brookings Tax Policy Center distributional analyses do include estate tax changes.]

In addition to the $36.6 billion of income tax cuts millionaires would receive in 2027, they would also likely get another $28 billion (73% of the total $38 billion) of estate tax reduction, for a total of $64 billion tax cut accounting for almost 40% of the proposal's total tax reduction ($156 billion) in that year. [Some might argue that heirs, rather than the decedents', income should be used in the distribution table. However, even with large families, heirs of $10+ million estates would also likely be millionaires under a Haig-Simons definition of income.]

Revenue and distribution tables are based on estimates and projections by career professional staffs. If the Congressional government staffs can distribute corporate income taxes and make 10-year revenue projections, their distributional tables can also include estimates of the distribution of estate taxes.